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FOX Business
Apr 14, 2013 2:00am EDT
closing in on $15,000. who has it right on the economy? i am elizabeth mcdonald and welcome to forbes on fox. we'll have steve, mike, and sabrina and john and morgan. mike, who has it right? >> the consumers have it right. going back to 2007 before the last bubble burst, consumers were on it and confidence had started to fall and the stock market took until october to realize. consumers have it right. cheap prices and money is raising stock prices but making consumirs poor. >> steve, these are the data points. retail sales are lowest in nibe months and consumer confidence is down. who has it right? the market hit for the 14th time it hit a record. >> the market has it right. you can have a good market in a economy. it is not good. company corporate earnings are up and they haven't paid it out in dividends and you have a peculliar situation. dividends are higher than bond yield and so the market is not a bull market only because of the dollars going down in value. you can have both. but in real terms the market is also punked. >> you wonder if the blue sky crowd is too much in control. co
Apr 13, 2013 12:00pm PDT
49ers making to the bowel and this is all going to put more sales in the regional economy and again there is so much business activity. and we are blessed with just being in this part of the country and the world. i'm very interested in what we are going to hear from our speakers this morning to sort off guide us through this year. now before we get to our program please join me in thanking the organizations and people who made this possible. and you can clap now for awful them but -- this event is jointly presented by san francisco business times and our partner, title sponsor corn irand carey commercial new mark, night, frank. and we are going it hear from dan clef man and dan class man some 14 year ago really came up with this idea, we sat down over lunch and there was another person involved allen cline knelt and which came up with this idea and so i have to give dan much much credit for that. (applause). . very much so. and in 2012, cornish and carey, dominated the area of commercial real estate with over $6 billion in leasing and sales transactions so very good there. and you
Comedy Central
Apr 15, 2013 7:25pm PDT
for what ales the american economy. spoiler alert. $5 trillion coin. that will do it. because one, what is that going to do? traditionally the president of the united states submits a budget detailing spending priorities in february. it is april. the president has yet to deliver. most likely taking great care given the enormous stakes, wanting to fine tune this budget to get it just right. it could go... >> dead on arrival. that is the early verdict from house republicans about president obama's budget proposal. >> jon: noooo! it can't be dead. they sent me one. no air holes in it. i'm sure it's fine. i'm sure... noooo! not today, budget. not today. ( cheers and applause ) >> jon: why, these are just scripts for the photocopied budget cover. i've been lying to everybody. all right. but that's just it. the right doesn't like anything obama does. how does the left feel >> furious democrats upset about entitlements >> very disappointed. that is one big pile of [bleep]. >> jon: well, the senator from jurassic park is correct. so finally barack obama brings republicans and democrats to
Apr 15, 2013 6:50am EDT
immigration and the impact on jobs in the u.s. economy. >> immigration, allowing people to enter our borders can be beneficial to immigrants and the rest of the country. when it comes to immigration, it is not right versus left, republican vs. democrat issue. it is those who have power to influence policy. average american heart regardless of political affiliation does want to see immigration laws enforced. amnesty. chris immigration laws. take up the highest unemployment rate right now is the young people. -- >> the highest and a plummet right now is the young people. the problem is is the way we have done it, they do not pay tax. you have to pay tax. and the employer would pay the tax. pay becauseid not it will not be here -- foreigner does not pay because they will not be here long. but we did not have the employer pay either. if the employer hires you, you will have to pay 15 percent more. why would anyone hire american when you can hire foreigners and pay them 15% less? with high unemployment, is the sticking point for a lot of people. a lot of little things like that within our
Apr 14, 2013 12:00pm EDT
tinker to try and get the u.s. economy to a better place. >> host: western to jean-claude touchÉ. how is he different from bernanke? >> guest: he is a different animal. he's a frenchman born in 1942. he's a lifelong public servant. he went to the french school for bureaucrats, worked in the french treasury come immediately to the french central bank and was a real up and comer and 1870s and 80s before becoming a central banker where he helped manage this transition to the euro. this has been about creating in spain a united europe has its own currency. that's his life project. he is in many ways the veteran crises later. he was called the paris club, working outside of latin america and other emerging markets in the late 80s early 90s. it's in his bones. he's a negotiator, an arm twister can get a deal done when it needs to be done. ben bernanke are ervin king is a skillful maneuvering operator. >> host: bernanke cut interest rates aggressively at the beginning about transit dollars of bonds. the european central bank has been less aggressive. t. think that's a different view? >> gues
Apr 15, 2013 12:30am PDT
looking for yield. so it doesn't matter that the economy is just so-so? >> well, you have balance sheets and corporations in great shape, and revenue growth so-so, and i agree with that. but in reality where else do you put your money? people are looking at a wave of activity coming into the marketplace over the next year or so as people look to grow their revenue in alternative sources with really cheap fngs. >> i want to ask you about real estate in a minute. david, how do you see things? the federal reserve fuelling this rally do. you think the economy gets better this year? >> we're going to get slow growth. we still have an unemployment problem. the federal reserve obviously said that they may end up not doing as much stimulus by the end of this year. >> which was another headline this week. >> which is a headline, which is affecting gold prices, among other things if you will. as you mentioned, everything in the world is relative. relative with regard to investment tumults, relative with asset classes, the financial condition of the country as compared to other sovereign nation, et
Apr 10, 2013 8:00pm EDT
everything i can to reignite what i consider to be the true engine of the american economy. arising, thriving middle-class. that is what i think about every day and that is the driving force behind every decision that i make. over the past three years, our businesses have created $3.65 million new jobs. are at an all-ts time high. we have to get wages and incomes rising as well. our deficit are falling. at the fastest pace in years. we can do more to bring them down in a balanced and responsible way. is point is our economy poised for progress as long as washington does not get in the way. frankly, the american people deserve better than what we have been seeing. a short sighted, crisis-driven decision making like the across- the-board spending cuts that are hurting communities out there. cuts that economists predict will cost us hundreds of thousands of jobs. if we want to keep rebuilding our economy on a stronger, more stable foundation, then we got to get smarter about our priorities as a nation. and that's what the budget i'm sending to congress today represents. a fiscally resp
Apr 13, 2013 10:00am PDT
is rebounding, so why is president obama still receiving low marks for his handling of the economy? kristin romans h christine rome. >>> "your money next." >> the sky isn't falling, not yet anyway. if the worst is over in washington, is now the time when president obama steps in and shapes his legacy? this is "your money." to start the country needs a blueprint. like any country, this business needs a budget. president obama insists one republicans can work with. >> for years the debate in this town has raged between chrreduc deficits at all costs and making investments necessary to grow our economy. this budget answers that argument because we can do both. >> gore yegloria, crunch time f obama and washington. good morning, gloria. you write president obama now has a chance to act on his to-do list, which you say could set his legacy for the second term. movement on gun control, real immigration reform and for the first time a new federal budget. we'll break down the president's budget proposal later in the show but let's say an agreement on federal budget and immigration reform co
Apr 12, 2013 1:00am EDT
there. it has become much more of the global economy. how much of these factors are the realities that we are working with today? i'm concerned that people don't realize that the world has changed. it is a global economy. we have to help our business be more successful. i will give you one more point then i want your response. i met with the minister of trade in january. himself and the vice in two separate meetings told me the same thing, we want to grow our economy 20 million jobs a year. that's what we're averaging. i think japan has been, obviously, a big factor but china and india coming online. i'm a blue collar kid i've watched what is happening in manufacturing. to me, that is one of the biggest issues we're not taking into account. the world has changed. we have to help our businesses be more successful. what are your thoughts on that? >> congressman, i agree totally we have to compete in a global and competitive world. i was in china a couple of weeks ago and i made the strong case that we need to be able to compete in a fair way, having our businesses have access to their ma
Apr 14, 2013 12:00pm PDT
." >>> to start, the country needs a blueprint for this economy. like any business, this country needs a budget. president obama introduced his latest plan invisiting it's one republicans can work with. >> for years the debate in this town has raged between reducing our deficits at all costs and making investments necessary to grow our economy. this budget answers that argument, because we can do both. >> gloria borger, author of "crunch time for obama and washington." good morning, gloria. you write president obama now has a chance to act on his to-do list, which you say could set his legacy for the second term. movement on gun control, real immigration reform and for the first time until four years, a new federal budget. we'll break down the president's budget proposal later in the show but let's say an agreement on federal budget and immigration reform could change america's economic landscape. why do you think now is crunch time for this president and his agenda? >> because he's in his second term and the window starts to close after about 18 months in. this is a president wh
Apr 11, 2013 8:00pm EDT
. i share your concerns over the fate of the european economy but i'm troubled by the growth or lack thereof of the american economy. the simple true is far too many families are still struggling. they face higher food prices and gas prices twings prices for children. meanwhile, many had hours reduced and wages frozen. flozz cure-all but there are real achieveable policies that could help strengthen this economy and turn things around for american families. chief among those are fixing our broken, outdated and complex tax code and balancing our budget. i'm sure you will hear from mr. ryan and others on the need to balance the budget, which is the administration's budget never does so i will focus today on the tax code. america's tax code is broken. and i'm committed to working with anyone, republican or democrat, to fix it. and that's why i was encouraged the president put forward a plan to tackle a few of the challenges facing our tax code in his budget. but the simple truth is that the president's proposal isn't the real reform we need and it doesn't go nearly far enough to address
Apr 19, 2013 12:00am PDT
about the global economy with india's minister of finance. >> you see, we require massive investment to build our country. the bulk of it comes from domestic savings but we still require at a margin, foreign investment, for that brings technology. that brings invasion, that brings better management skills and management management practices. it opens new markets for us. it introduces us to new products. that is the advantage of getting fdi. >> the texas explosion,s bots to-- boston investigation and the global economy when we continue. >> rose: funding for charlie rose was provided by the following:. >> rose: additional funding provided by these funders. and by bloomberg provider of multimedia news and information services worldwide. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. . >> rose: we begin this evening with the explosion at a fertilizer plant in west texas which is near waco. here is the explosion which took place last night. at last count five people have died and more than 160 injured. it produced ground mot
Apr 19, 2013 12:00pm PDT
economy when we continue. >> rose: funding for charlie rose was provided by the following:. >> rose: additional funding provided by these funders. and by bloomberg provider of multimedia news and information services worldwide. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. . >> rose: we begin this evening with the explosion at a fertilizer plant in west texas which is near waco. here is the explosion which took place last night. at last count five people have died and more than 160 injured. it produced ground motion equivalent to that of a magnitude 2.1 earthquake. the mayor of west said it felt as if nuclear bomb dded. buildings within a five block rad yux-- radius were damaged. the search for survivors is ongoing. investigators are trying to determine the exact cause of an explosion. a small fire is believed to have spread to fertilizer tanks. governor perry held a press conference earlier and here is what he said. >> also spoke to the local officials to make sure they have the support and assistance they need from the state.
FOX Business
Apr 17, 2013 12:00am EDT
attack is going to affect business and the economy in the united states and what it all means for your money melissa: straight to our top story tonight, the city of boston, massachusetts, is still reeling following yesterday's horrific bombing near the finish line of the boston marathon. president obama speaking out today on the tragedy, calling the attack, an act of terrorism. now with the latest news out of boston is fox news's craig boswell. >> the bombs detonated at the boston marathon used six liter pressure cookers packed with shards of metal, nail and ball bearings. they were place inside a black duffel bag and set on the ground. >> we had an attack. >> doctors removed sharp objects from lower extremities of victims. >> many have wound mostly in the lower part of their body, wound rated to the place effect of the bomb as well as small metallic fragments. >> the two bombs exploded about 12 seconds apart. the first near the finish line where 8-year-old martin richard was there to cheer on his father. the little boy was killed in the blast. when he ran back to his mother,wo sibling
Apr 14, 2013 10:30am EDT
true engine of the american economy, rising, thriving middle class. that's what i think about every day. that's the driving force behind every decision that i make. over the past three years, our businesses have created nearly 6.5 million new jobs, but we know we can help them create more. corporate profits are at an time high, but we have to get wages and incomes rising as well. our deficits are falling at the fastest pace in years, but we can do more to bring them down in a balanced and responsible way. the point is our economy is poised for progress. as long as washington doesn't get in the way. frankly, the american people deserve better than what we've been seeing, a short sided crisis-driven decisionmaking like the reckless across-the- board spending cuts that are already hurting a lot of communities out there. cuts that economists predict will cost us hundreds of thousands of jobs during the course of this year. if we want to keep rebuilding our economy on a stronger, more stable foundation, then we got to get smarter about our priorities as a nation. and that's what the budg
Apr 15, 2013 8:00am EDT
contribution we give to the economy. that is no different than the past generations of immigrants who have come from other parts of the world. whether they were forced to come to this country, like the black slaves, they filled an economic need, whether it was the irish, jewish, the chinese. we all have this great contribution that was made to this nation as working people and really boosting the creation of the middle-class. my hope is, especially now with this opportunity around immigration reform, that we fix our laws in such a way that it really does give recognition to the hard work of millions of men and women to this economy, to this nation, and that will boost the economy for everyone, it will boost the economy and create a stronger middle-class. we have had our downside as a way we have been treated, but i think we are -- we work hard, we want to raise our families, have a good education. the alamo was fought in texas. when i was growing up, the mexicans for the good guys. we could only swim on wednesdays because that was the day when the pool was cleaned and that was a mexican da
Apr 17, 2013 7:00pm PDT
12 of its banking regions over the past 6 weeks with the overall economy getting a big boost from housing and strong auto sales. the central bank also said the economy performed better during march and week's jobs report and the dip in retail sales would indicate. >> but that report didn't do much to boost confidence today. the market had created confusion for investors. do i say the source? sell or is now a good time to buy? >>> the head of global research is managing half a trillion dollars in retirement assets. this is a very confusing and nerve racking time for investors trying to navigate through all of this. how do investors sort through all of this information? >> we're dealing with a lot of noise right now. just this week, we're dealing with a lot of volatility. we had to deal with a decline in oil prices and earnings have started out quite rockly. so what we're trying to do is look through some of this noise and find stocks that can do well for the long run. an example of that are companies tied to the housing market such as realogy. they're going to do well as housing pr
FOX Business
Apr 14, 2013 8:00am EDT
economy into overdrive. i'm tracy byrnes in for brenda buttner. jerry g smith, toe lynn smith, jonas max ferris and witness, john, time to scrap the tax code altogether. will it help jump start this economy? >> yes, it will help jump start this economy, we have over 72,000 plus pages right now of tax code because we've had decade after decade of politicians giving favors to different people and we cannot simply put more bandaids on it. and what are we going to do, put more on top of those pages? it costs americans 34 billion dollars a year in compliance right now, we're at historic lows as far as revenue to gdp, 15 to 16% and the only way to get there fairly is to completely overhaul this antiquated horribly system. >> i'm with him 110%. how are you going to get through the lobbyists and special interest groups, and marching out to get the political favors done for the constituents? >> look, the points are true except that you can't get from point a to point b. the special interest groups are groups like home owners and people with kids and people money in an ira. what makes i
FOX Business
Apr 10, 2013 10:00pm EDT
costs and making the investments necessary to grow our economy. this budget answers that argument because we can do both. >> reporter: get the top republican on the senate budget committee quickly noted while deficits shrink in the short term, the president's budget would add over $8 trillion in long-term debt increase government spending by 56 percent of the next decade, so the president's plan to include a cut the social security benefits to who republicans on the grand bargain did little to when the speaker's part. >> she does deserve some credit for some big criminal internal reforms. i would hope that he would not hold hostage this modest reform for his demand for bigger tax cuts -- hikes. >> reporter: they know that it is designed to win over rank-and-file republicans, not the leaders. quickly shot back, the speaker cannot pick and choose the concessions. >> the offer that is there for the speaker is not a menu. you cannot decide to only pick of the concessions that the president has made. >> reporter: a bigger problem is the push for change in cpi, recalculation of the cons
Apr 15, 2013 7:00am EDT
personal economy. fidelity investments -- turn here. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news." >> hello. you're watching gmt on bbc world news. don george alagiah. our top stories. venezuela oppose the election was much closer than anyone predicted. his master's voice. nicolas maduro was the heir to hugo chavez, so why did so many votes for the opposition? john kerry says north korea must engage in real talks. we speak to the u.s. secretary of state. >> ♪ latestth africa's spectator sport left and interpret -- left our interpreter in a spin. .> he has promised to be gentle >> aaron has the latest on business. and in order from the french president to his ministers -- show me your money. >> he tell the socialist party to tell us about your property, cars, antiques, and bank accounts. he lied about his secret bank account in
Apr 12, 2013 12:00am PDT
how we make our economy sustainable and we imposed too harsh austerity not only on greece but your ro wide policy and part of a policy i had to follow in order to make sure greece stayed inside the euro and did not go bankrupt. >> you talk about similarities, in terms of inheriting a balance sheet that was bequeathed to you by a center right party that was wildly out of rack, one of the things that happens in american political context, greece is a watch word on the american right. basically the idea is greece was essentially a people that tried to basically lazily expands their welfare state. they blew up the entire country and then they went bankrupt and then they had crisis. this is what the conservatives say the u.s. is and is becoming. >> i disagree with. >>> want you to respond. >> congressman darryl issa warning if congress doesn't take on spending the country will go into a downward slide to make us like greece. >> what i'm looking for is to save medicare and spending in the country to look like greece. >> that aline makes us look like greece. >> that putsing us on a path t
Apr 16, 2013 11:00pm EDT
below 2% gdp and bring down national debt dead relative to size relative to size of the economy in 10 years. brewster the nation's fiscal cut that tax loopholes that take a fair and balanced approach. at the same time the budget incorporates elements to speaker by last december. they make the difficult choices to find common ground. consistent with that offer come in the budget includes being the president would not put forward such as means testing command that a character in a related premiums and the more accurate the less generous measure of inflation. it includes proposals only so they come together around a complete and comprehensive package to shrink the deficit by $1.8 trillion over 10 years and are meant the fiscal uncertainty that hampers economic growth and job creation. this remark does not represent the starting point for negotiation. represent tagamet savings and additional roadrunners for those of the. the two cannot be separated and were not separated last december when we were close to a bipartisan agreement. this budget provides achievable solutions to fiscal prob
FOX News
Apr 10, 2013 10:00pm PDT
2020? >> he believes that by spending money to stimulate the economy, if you stimulate the a economy there will be more revenues, more revenues for the government. >> so that was his thinking behind the stimulus package. >>? 2009. >> obviously hasn't worked but that's the way he thinks about economics, i think that's fair to say. but this is 2013. he's say questioning should start deficit reduction in 2020? the debt crisis will have come and gone by then if we don't get the situation under control. we proposed balancing the budget in the house. we bam the budget not just because you want numbers to add up, but it's the right thing to do to grow the economy to improve people's lives. if we want to restore this country and fight poverty and get people back on their feet again and get out of the slow economy, shrinking paychecks, we have to have a break with the politics of the past. the president is proposing morph the same. that's the problem as we see it. this is one of those status quo budgets, much like the senate budge i. he proposes never to balance the budget ever and we propose
Apr 19, 2013 4:30pm PDT
think are pretty good. the economy is still growing. earnings are still growing. the fed still pretty supportive. certainly volatility has picked up a bit this week. and we expect that to continue here in the nr term. >> that's what was going to ask you. assuming that this manhunt is solved and the suspect is apprehended this weekend, turning to monday, how do you think things are going to play out? what is going to happen next in the market? is volatility still going to dominate trading? are the markets going to go up? are they going to go down? what is your prediction? >> i think you have both macro and microtrends next week. as you said in the lead there, about 20% of companies in the s&p reported earnings. but it really gets heavy next week. we have about 170 companies in the s&p 500 reporting, and about ten dow components. and earnings have been mixed. they have been okay. topline has been a little soft. as bob pisani said, only about 45% of companies are beat top line. it reflects the sluggish global economy that we have. >> so what is the message of these earnings, and h
Apr 13, 2013 12:30pm PDT
continue to grow an economy, even with a budget deficit, what you are looking at here is gdp but not the way that you are used to looking at it more often than that phot what we talk about d g t we focused on the economy quarter growth range and whether it grew during the quarter this teems you in terms of a absolutely level base basis and reason i'm showing it this way is because for all four quarters of last year the overall economy was better than the it was before the prerecession high water mark and we have turn the quarter into a new expansion and if it didn't feel that way it that is to do with this the none farm payroll and each bar here represents a single month's change in the total number of people who have a job and you add up all of knows jobs that was loss during the recession it's 8.8 million people and we have only created five and-a-half million total job and that leaves us with a deficit of three or so million jobs and we are cranking out more in terms of goods and services but we are doing it with 3 million fewer people in the workforce and is to some extent that i
Apr 11, 2013 6:00am EDT
thing that worries me, no one is excited to be rich. and we're in this kraep economy where i know we're at 7:00 unemployment. and people -- it almost seems to be the time for social issues. i'd be interesting to see what the percent of people, the general percent of people invested in the market. there are still times when cocktail waitresses are talking about it, where parties are talking about it. the only thing that scares me is the back drop still feels kind of negative. it doesn't feel like a bottoming economy that makes me think this is 85 million coming in from the fed and maybe this is artificial and that the economy has gone up with where the market has done. there's people not -- >> no this year n. >> wow. that will be -- >> it wouldn't be that 18% kissing your sister that we talked about yesterday. i'm getting excited about about the market. watch out. >> it is catching. >> and we'll see today, if one guy comes on today and says, oh -- >> well, you're scaring all of them away from that right now. >> they should be. they make money. they get paid at these firms to say this stu
Apr 16, 2013 7:00pm EDT
the economy, just as it was in the '80s and '90s. in other words, some optimism. and senator marco rubio unveils the new immigration reform bill today. here's the key point. when we look at the benefits and score them dynamically, immigration reform will be a huge boost to the economy. "the kudlow report" begins right now. >>> first up tonight, president obama will travel to boston thursday for an interfaith service with bombing victims. more than 24 hours after two bombs ripped through marathon crowds killing three, wounding 170 others, investigators are still no closer to answers. late this afternoon, the fbi said no claims of responsibility have been received, and the search for suspects is wide open. deborah boxdy joins us now from boston with all of the latest. good evening, deborah. >> reporter: good evening, larry. i'm live here along boylston street in the heart of boston, about four blocks or so away from the marathon's finish line, where those two bombs exploded just one day ago. security around the city remains extremely tight, as people try to move on after that devasta
Apr 15, 2013 6:00am PDT
surprised economists. the world's second-largest economy still expanding but seems to be losing some steam. >>> welcome to nhk world "newsline." people in north korea are celebrating an important holiday as people elsewhere continue to watch the country's leaders. north korea's citizens are observing what would have been the 101st birthday of the nation's founder kim il-sung. leader kim jong-un marked the day by visiting his grandfather's mausoleum. >> state-run tv reports kim was accompanied by close aides, including his uncle and mentor. it was kim's first appearance on state media since a session of the north korean parliament two weeks ago. people in neighboring countries fear he'll mark the holiday by ordering the test of a ballistic missile. pictures out of pyongyang send a different message. presidents have laid flowers. at statues of kim il-sung and kim jong-il. >>> north korea's leaders have made repeated threats targeting people in other countries, in spite of repeated calls for restraint. officials in pyongyang escalated tensions after u.n. security council members approve
Apr 12, 2013 7:00pm PDT
. it's the biggest restructuring story in the u.s. economy. we do think they will continue to post good progress on the restructuring, number one. and number two the mortgage banking is is not a big revenue item for citi. >> tell us the thinking with welli in s far go. long-term, you think it's a good buy? >> long-term, everyone is worried about the short-term mortgage banking numbers as you talk about. that was 19 of the 20 questions on the wells fargo call was about it. if you think in the bigger picture. rising home prices and we are seeing a strong market this spring. are a good thing for banks. credit quality is better and at the end of the darks higher home prices mean people will borrow more money. >> bank stocks have been rallying since december. is this the end of the roally? >> i think home prices are a good backdrop for it. but the ten year bond yield has come down, that is tough for the banks inity short-term. over the next year, we think there will be background because of the home prices. >> any disclosure? you own any of them? >> no. i don't. >> we will leave it ther
Apr 15, 2013 4:00am EDT
plans for the economy, but acknowledges there are tough times coming. >> we know we are in for an upright, but the sooner and the more decisive our actions will be now, the sooner we shall be over this difficulty period. >>> and earnings begin to flood in this week. the dow, s&p 500 are getting set to report results. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> all right. >> back together. >> back together. >> for a couple of weeks. been anywhere? >> around europe, around england all weekend. it was timely nice weather yesterday, though. but we saw stratford upon avon, oxford a little bit. i love the attitude ooe oor sty. i'm such a sucker. do you know what i did last week? notre dame cathedral. you can go to mass there. at 8:00 in the morning, there were probably 15 people total. it was a really cool experience. anyway, back now. i'm back now. >> good. and a lot to talk about at the beginning of a new week. u.s. secretary of state john kerry is opening the talks with north korea if the nation scales back its nuclear amb
Apr 11, 2013 1:00am PDT
anything that we can do to get the economy growing faster. it's more than what has been going on in the past 50 years. >> it's a plan to speed up job creation. and that is what the president has designed the budget to do. it's critical that weigh make the kinds ofs investments that will speed up growth. like investing in roads and highways, and enabling more people to go to college. and helping youngsters go to preschool. that will help growth in the long run. but because of slower population growth and slower growth in the working age population, in the aassumptions in the budget and we tried to be modest in those, we assume the rate is 2.3%. >> i'm afraid we have to leave it there. thank you, mr. kruger for being with us. >> my pleasure. >> from the u.s. economy to the global economy. easy monetary policy is one of the reasons that the world economy is getting stronger according to the chief of the international monetary fund. christine mcguard speaking at the meeting in new york, which i attended said that expectations are stable. giving the banks around the world greater leeway
FOX Business
Apr 13, 2013 1:00am EDT
time to boost the economy to do something useful? >> it is called deadweight loss. it cost $200 billion per year just to comply with the 70,000 pages of tax regulations that is why the economy grows so slowly. john: they are popular. steering people to good things, solar panels on the roof of your house to get a credit if you adopt a child child, congress passes these things because people say that is fair. >> they sound great by themselves but if you put them together it creates a complicated mess to dictate every aspect of our lives and made the irs with the super agency where we put our kids in day care to a hybrid vehicle. john: why is it nuts if you want people to put kids in day care that need the help or to buy a hybrid vehicle how else do you steer them there? >> is years the economy in the wrong direction why the economy grows so slowly because we dictator lives to the tax system not what is economically efficient or profitable. that is what drives the economy and with other countries have done to streamline their tax system like hongkong. 15 countries across the globe have mov
FOX Business
Apr 15, 2013 1:00pm EDT
the fundamentals that would be your cell signal? >> my concerns would be jobs and the economy here slowing down more than it already is. we have horrific job numbers or earnings numbers or economic numbers, but i don't really see that happening in the next two quarters. lori: one month doesn't make a trend. >> that is right. lori: thank you so much, great to see you. melissa: gold is 9% drop is the biggest place punch in 33 year years. with more, elizabeth macdonald's bottom line. >> this trend holds, this would be the biggest drop, weight is trading as it could be the biggest drop since gold futures began trading in 1974. we know goldman sachs has cut the 12 month price target on gold at 1390. now talking at 1300, but a big fight breaking out among the analysts would talk to. that is they didn't get it right about apple, so how can i get it right about gold? it is caught in a commodities selloff, a perpetuating cycle right now, trading down about $125 right now. the storyline we are seeing is the bear market after the friday drop, a two-day slump we have not seen since march '83.
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